Congress To Review Student Loan Legislation Post-Election

Members of Congress are currently working on re-election campaigns to increase support for their party's candidates. This means that several bills, including many focusing on student loan debt, have been tabled until January. The next session of Congress, which will include members elected in November, will be expected to work with the new president in several areas, including student loan debt relief.

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Discussion and voting on the bills may be on an individual basis, or be combined into the Higher Education Act. This act must be renewed on a five-year cycle, but despite the scheduled renewal for 2014, it has yet to be voted on.

While waiting for a vote on the Higher Education Act, several committees have been assigned legislation related to student loans. Some of these bills will never be released from committee. The House of Representatives, though, has a few bills that are currently ready for a full House vote.